IL SB2112 | 2021-2022 | 102nd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on August 20 2021 - 100% progression
Action: 2021-08-20 - Public Act . . . . . . . . . 102-0542
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Illinois Insurance Code. Provides that a life company issuing an individual life insurance contract on or after January 1, 2022 shall notify an applicant, in writing on a form prescribed by the company at the time of application for the policy, of the applicant's right to designate a secondary addressee to receive notice of cancellation of the policy based on nonpayment of premium. Provides that the applicant may make the secondary addressee designation at the time of application for such policy or at any time such policy is in force by submitting a written notice to the insurer containing the name and address of the secondary addressee. Provides that an insurer's transmission to a secondary addressee of a copy of a notice of cancellation based on nonpayment of premium shall be in addition to the transmission of the original document to the policyholder, and that the copy of the notice of cancellation transmitted to the secondary addressee shall be made in the same manner and form required for the transmission of the notice to the policyholder. Provides that the designation of a secondary addressee shall not constitute acceptance of any liability on the part of the secondary addressee or insurer for services provided to the policyholder. Provides that the secondary notice requirement does not apply to any individual life insurance contract under which premiums are payable monthly or more frequently and are regularly collected by a licensed agent or are paid by credit card or any preauthorized check processing or automatic debit service of a financial institution. Provides that nothing in the language shall prohibit an applicant or policyholder from designating a life insurance agent of record as his or her secondary addressee. Effective January 1, 2022.

Tracking Information

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Title

INS CODE-LIFE INSURANCE/NOTICE

Sponsors


Roll Calls

2021-05-27 - House - Third Reading in House (Y: 116 N: 0 NV: 1 Abs: 0) [PASS]
2021-05-06 - Senate - Third Reading in Senate (Y: 59 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-08-20SenatePublic Act . . . . . . . . . 102-0542
2021-08-20SenateEffective Date January 1, 2022
2021-08-20SenateGovernor Approved
2021-06-25SenateSent to the Governor
2021-05-27SenatePassed Both Houses
2021-05-27HouseThird Reading - Consent Calendar - Passed 116-000-000
2021-05-26HouseThird Reading - Consent Calendar - First Day
2021-05-25HousePlaced on Calendar Order of 3rd Reading - Consent Calendar
2021-05-24HouseHeld on Calendar Order of Second Reading - Consent Calendar
2021-05-24HouseSecond Reading - Consent Calendar
2021-05-21HousePlaced on Calendar 2nd Reading - Consent Calendar
2021-05-20HouseDo Pass / Consent Calendar Insurance Committee; 018-000-000
2021-05-13HouseCommittee/Final Action Deadline Extended-9(b) May 28, 2021
2021-05-13HouseAssigned to Insurance Committee
2021-05-11HouseAlternate Chief Sponsor Changed to Rep. Robyn Gabel
2021-05-11HouseReferred to Rules Committee
2021-05-11HouseFirst Reading
2021-05-07HouseChief House Sponsor Rep. Jay Hoffman
2021-05-07HouseArrived in House
2021-05-06SenateThird Reading - Passed; 059-000-000
2021-04-30SenateRule 2-10 Third Reading Deadline Established As May 7, 2021
2021-04-23SenateRule 2-10 Third Reading Deadline Established As April 30, 2021
2021-04-22SenatePlaced on Calendar Order of 3rd Reading April 23, 2021
2021-04-22SenateSecond Reading
2021-04-22SenateSenate Floor Amendment No. 1 Adopted; Harris
2021-04-21SenateSenate Floor Amendment No. 1 Recommend Do Adopt Insurance; 014-000-000
2021-04-20SenateSenate Floor Amendment No. 1 Assignments Refers to Insurance
2021-04-16SenateSenate Floor Amendment No. 1 Referred to Assignments
2021-04-16SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Napoleon Harris, III
2021-03-24SenatePlaced on Calendar Order of 2nd Reading March 25, 2021
2021-03-24SenateDo Pass Insurance; 013-000-000
2021-03-16SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2021-03-16SenateAssigned to Insurance
2021-02-26SenateReferred to Assignments
2021-02-26SenateFirst Reading
2021-02-26SenateFiled with Secretary by Sen. Napoleon Harris, III

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2155143.17bNew CodeSee Bill Text

Illinois State Sources


Bill Comments

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